9 Key Questions for Your 2017 Taxes by Smart Tax

Now that extended returns have been filed, we set our gaze towards year-end around here, and on making sure that YOU are doing everything possible to ensure that your 2017 tax burden is as low as legally and ethically possible.

I did receive some feedback and questions about the Equifax information I shared, and I should clarify that while I’m not a specific expert in these matters, I’m glad that I could cut through that noise on your behalf.

Again, I encourage you to consider a credit freeze with all three bureaus for at least a year, unless you are applying for a new credit card, applying for a loan or mortgage, or switching cell phone carriers (where monthly credit is extended). In which case, the “unfreezing” process (or “thaw”, as it’s known) is still worth the hassle for the protection it provides.

But back to your 2017 taxes…

Let’s you and I make a plan for your 2017 taxes that will set you up for long-term success. In fact, there may be a few moves we can make that can help your tax hit NOW before we’re forced into “reaction mode” — which is the only mode out of which after-the-fact tax work can be done.

So, if at all possible, I’d like to change that paradigm for you by having you answer a few short questions for me. Send me your answers by clicking the email button at the top of this page. Here are the questions…

1) Have you had a significant change in your wage income this year?<Put YOUR answer here in your email reply>

2) Have you taken capital gains or losses this year? Are you planning to?<Put YOUR answer here in your email reply>

3) Did you start or sell a business this year?BONUS QUESTION: Do you know anyone who did, that would like input on their tax situation?<Put YOUR answer here in your email reply>

5) Did you make your full contributions to retirement accounts? <Put YOUR answer here in your email reply>

6) Have you considered a Roth IRA?<Put YOUR answer here in your email reply>

7) Did you withdraw from retirement accounts, and for what purpose?<Put YOUR answer here in your email reply>

**8) Have you sent your family and friends our way — and, if not, is there something which we can help you with, to make this easier?<Put YOUR answer here in your email reply>

9) Are there any other tax or financial (or other) issues you think we should know about?<Put YOUR answer here in your email reply>

Now — your answers to these questions form the “tip of the iceberg”, and they will help us to know which direction to take as we work with you over the next two months to prepare for year-end. With your permission, we’ll contact you back, as appropriate, and set up a time to discuss them further with you, whether by phone or other method.